China's Bond Connect expands to include southbound trading through Hong Kong
The enlargement of the Bond Connect scheme, announced on Wednesday (Sep 15), gives Chinese investors another option for allocating capital offshore.
Only a few days after the announcement that the Wealth Connect Scheme between mainland China and Hong Kong would officially launch in October, regulators unveiled a new initiative that could another boost for the Hong Kong bond market.
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBoC) jointly announced yesterday (September 15) that southbound trading (from mainland to Hong Kong) under Bond Connect would launch on September 24. The move could see Chinese…
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